April 2015 - Page 10 of 10

WednesdayApr 01, 2015 5:25 pm

OMVS in Talks with Software Developer for On-Demand Freight Platform

As On the Move Systems, Inc. (OTCBB:OMVS) continues to develop its innovative "Uber for trucking" platform that is expected to revolutionize the trucking industry, the Company announced it has met with a software developer to plan its on-demand services. This development moves the unique program one step closer to its debut, as the Company continues its talks with select software design firms regarding the layout of the platform. The Company’s emerging roster of trucking partners interested in joining the platform ensures there will be a high number of sharing-economy sources incorporated, and the Company has set its standards accordingly. “We…

WednesdayApr 01, 2015 4:21 pm

Sparta Commercial Services, Inc. (SRCO) has Secure Seat on Fast-Moving App Bandwagon

The number of apps available for download from leading app stores is roughly 2.5 million, according to research firm Statista, which also reports that in the summer of 2014 more than 75 billion apps were downloaded from the Apple App Store alone. As of March 2015, gaming apps represent the most popular (21.4%) of the top 20 app categories followed by apps that perform some sort of business function (10.1%). New York-based Sparta Commercial Services is a technology company whose subsidiary, Specialty Reports, Inc., zeroes in on the latter category with the development of custom mobile apps for small- and…

WednesdayApr 01, 2015 3:55 pm

Stellar Biotechnologies, Inc. (SBOTF) Expands KLY Supply Relationship with Neovacs S.A.

Stellar Biotechnologies and Neovacs S.A. have expanded their existing supply agreement under which Stellar will meet Neovacs' requirements for Keyhole Limpet Hemocyanin (KLH), a primary component of Neovacs' proprietary Kinoid immunotherapy technology. Stellar is a leading manufacturer of KLH, an immune-stimulating protein produced from a scarce marine source and widely used as a carrier molecule in immunotherapies being developed for a variety of disease indications. Stellar believes it is the only company with the proprietary technology to manage sustainable, scalable production of GMP quality KLH to meet future pharmaceutical industry demands, similar to its support of Neovacs’ development of active…

WednesdayApr 01, 2015 12:43 pm

Source Financial Group’s (SRCF) Moneytech Finance Pty Ltd Enters Agreement for AUD$25M Offering

Moneytech Finance (“M Finance”), an indirect wholly owned subsidiary of Source Financial Group, last week signed a deal with FIIG Securities Limited in which FIIG agreed to act as lead manager and initial subscriber for M Finance’s AUD$25 million offering of Australian Dollar Subordinated Notes. It is anticipated that the offering will close April 10, 2015. According to Source Financial’s recent 8-K filing, the offering was not registered in Australia and was made only to individuals and entities in Australia to whom it is lawful to make an offering of subordinated notes without disclosure under the Corporations Act of Australia.…

WednesdayApr 01, 2015 9:49 am

MIT Holding, Inc. (MITD) Well-Positioned to Continue Racking Up Profitable Quarters as Healthcare Industry Transitions from Inpatient to Outpatient Care

There has been a gradual but consistent shift in healthcare over the last decade or so from inpatient stays to ambulatory care (outpatient care) and the advent of the Patient Protection, as well as the Affordable Care Act (ACA), have accelerated this transition in the overall healthcare business model substantially. According to healthcare advisory firm Kaufman Hall, inpatient utilizations (per 1k) continually declined from 2000 to 2011 and 71% of the states in their study showed decreases of over 5%. A clear trend which is further evinced by Fitch Ratings' report from August of 2014 showing a marked decline in…

WednesdayApr 01, 2015 9:42 am

Falcon Crest Energy, Inc. (FCEN) Looks to Leverage Presence in Rocky Ford Field

As experts continue to predict a second oil boom in Wyoming, Falcon Crest Energy, Inc. (OTC: FCEN), which has a significant leasehold in the state, has affirmed an optimistic outlook towards its strategic position. In February, the company announced that it had acquired a 100 percent working interest in the Rocky Ford Field region of Crook County, Wyoming. In addition to being located in one of the country’s most active oil production areas, Falcon Crest has also expressed confidence regarding the shallow drilling depths required to explore and develop the leasehold. As oil prices hover near six-year lows, Falcon Crest…

WednesdayApr 01, 2015 9:23 am

Inventergy Global, Inc. (INVT) Signs $2.15M Common Stock Purchase Agreement to Finance Licensing Strategy

Inventergy Global, an intellectual property (IP) licensing partner, has entered into definitive agreements with several institutional investors and accredited investors who have agreed to purchase 4,673,914 shares of the company’s common stock at $0.46 per share for gross proceeds of $2.15 million. The company said it has allocated the proceeds for working capital purposes in support of its IP licensing strategies. The closing of the offering is expected to take place on or before April 7, 2015. "We are extremely pleased by this round of funding that provides us additional resources to pursue the various deals in our current pipeline.…

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Month: April 2015